The Cabinet today approved setting up an Economic Wing in the Indian embassy in Beijing in China. The Economic wing in Beijing is expected to substantially enhance the negotiating capability of India and strengthen bi-lateral cooperation. The decision was taken in a meeting chaired by Prime Minister Dr Manmohan Singh.<br/><br/>The Economic wing will deal with matters relating to macro-economic coordination and the G-20 foreign investment, multilateral and bilateral borrowing and financial sector developments in China and the Asia Pacific region.<br/><br/>In another decision the cabinet also has approved the extension of Ex-servicemen contributory health scheme facilities to Nepal domiciled Gorkhas.<br/><br/>The government also approved establishment of 199 additional new polyclinic including 17 mobile medical facilities alongwith 15 new regional centres to expand ex servicemen contributory health scheme.<br/><br/>The cabinet committee on economic affairs has approved the appointment of merchant bankers and other intermediaries to disinvestment transactions .
News On AIR | May 26, 2010 2:36 PM
Cabinet approves setting up of economic wing in Indian embassy in China